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Light Cyber's MAGNA First to Detect Bitcoin Mining Malware

Light Cyber's MAGNA First to Detect Bitcoin Mining Malware

January 08, 2014
By Rajani Baburajan, TMCnet Contributor
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Light Cyber, a provider of Predictive Breach Detection solutions, has achieved a major breakthrough by becoming the first to detect breaches by a previously unknown and sophisticated Yahoo-ad based malware campaign.


MAGNA appliance from Light Cyber combines deep packet inspection (DPI) with endpoint information and threat intelligence to analyze the behavior of users, devices and applications. It can detect and alert about malicious activity early on in the attack lifecycle, before damage is done, the company said.

The solution first detected malicious activity by the unknown malware on Monday, December 30th at 11 AM UTC. As a result, Light Cyber customers were able to immediately disconnect affected computers from their networks, containing the attack and mitigating damage.

MAGNA appliance was able to detect the breaches some four days prior to the widespread reporting so clients could rapidly neutralize the threat at the earliest stage of the attack. The attack was later reported by a Dutch-based security firm and confirmed by Yahoo on Friday, January 3.

The sophisticated malware used Yahoo's advertising server to distribute malicious advertisements that included exploitations of Java vulnerabilities, which installed the malware on client computers visiting ads.yahoo.com. The malware has attacked tens of thousands of computers in countries around the world.

Light Cyber again scored when its researchers became the first to discover that among other activities, the malware was attempting to use host computational resources for Bitcoin mining, and were the first to report attack-related files on Tuesday, December 31.

Gonen Fink, CEO at Light Cyber, said, "New attacks are launched on a daily basis, yet traditional perimeter and endpoint security products are not effective in detecting unknown threats. Even new technologies like sandboxing and threat emulation can capture only a small part of these advanced threats.”

Light Cyber’s MAGNA system closes the gap between the time a computer is breached and the time the breach is detected, allowing users to remediate before the damage is done.




Edited by Ryan Sartor

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